Competitive Framework for Alaska: 2012

Policy Change required If Alaska wants to attract investment in a major way for the important new resources (heavy oil, gas and potentially shale oil), significant political change is required in Alaska. These changes are: 1. Alaska has to define competitive fiscal terms for the entire range of oil and gas resources, so investors know what the terms are. 2. Alaska has to offer fiscal stability on these terms for large new projects, so investors know that Alaska will honor these terms for a significant duration. 11

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